Aditya Birla Nuvo, the mini-conglomerate of Kumar Mangalam Birla, plans to deploy the surplus cash generated by its older-businesses such as carbon black, fertilisers, insulators, rayon and textiles in the growing new-generation businesses -- financial services, telecom, BPO and IT. Further, the company is looking at a transformation from a manufacturer to a 'premium conglomerate'.
The Tata group companies increased their dividend payout to 28.3 per cent in the financial year ended March 2008 from 27.3 per cent a year earlier, while the corporate sector (1,121 dividend paying companies) pruned the dividend payout from 25.22 per cent to 23.04 per cent.
The last minute decision of the Congress to withdraw Rahul Gandhi's name as the lead speaker on the no-confidence motion in the Lok Sabha led to heated exchanges between the opposition and treasury benches on Tuesday.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Union Home Minister Amit Shah asked the opposition on Monday to allow a debate on the Manipur issue to begin in Parliament but the deadlock persisted in Lok Sabha and Rajya Sabha as both sides refused to budge from their stand, with Congress and its allies insisting on a statement from Prime Minister Narendra Modi first.
Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
The UP government said Yogi returned with investment proposals worth over Rs 5 lakh crore from Mumbai.
Aditya Birla Retail on Thursday said its sales, even in Pune, have not been impacted by the spreading disease swine flu.
CERT-In has started its probe in the Apple threat notification issue raised by opposition MPs, and a notice has been sent to the company, IT Secretary S Krishnan said on Thursday.
Both Lok Sabha and Rajya Sabha did not see a debate on the Manipur violence, but Prime Minister Narendra Modi and Home Minister Amit Shah spoke on it during their addresses on the no-confidence motion.
Trinamool Congress (TMC) member Mahua Moitra on Tuesday approached the Delhi high court seeking to restrain Bharatiya Janata Party MP Nishikant Dubey, an advocate and several social media platforms and media houses from posting, circulating or publishing any alleged fake and defamatory content against her.
Launching a counter offensive in the ongoing controversy over stake holding in Idea Cellular, Tatas on Tuesday dubbed the position of joint venture partner AV Birla Group as "misleading" and asserted that they were under no legal obligation to exit f
Rajya Sabha was adjourned for the day on Friday amid an uproar in the House over the issue of law and order situation in Rajasthan.
In a bid to grab a larger pie of the 71,000-crore (Rs 710 billion) auto components segment, the Rs 2,500-crore (Rs 25 billion) Yash Birla group has decided to revitalise its auto tool business by infusing equity capital through an initial public offering (IPO) for a proposed holding company.
Birla Global Finance Ltd has informed BSE that an extraordinary general meeting of the shareholders of the company is scheduled on January 29, 2003 to redeem 27,50,000 redeemable cumulative preference shares of Rs. 100 each.
Rajya Sabha Chairman Jagdeep Dhankhar, Prime Minister Narendra Modi and Lok Sabha Speaker Om Birla will lead a function in the Central Hall of Parliament on Tuesday to celebrate the country's rich parliamentary legacy and resolve to make India a developed nation by 2047.
After nearly four years of underwhelming performances in equity schemes, Aditya Birla Sun Life Mutual Fund (ABSL MF) is experiencing a revival. During the first quarter of the 2023-24 financial year (Q1FY24), the fund house arrested its declining market share, bolstered by stronger equity fund results and subsequent ratings upgrades. Mahesh Patil, the chief investment officer, attributes this resurgence to changes in the fund management team and adjustments to investment strategies.
In a letter to the prime minister, Ali also demanded that he be provided enhanced security in view of an "escalation of threats" against him.
The government on Friday said it was examining the issue of shareholding in Idea Cellular raised by Aditya Birla Group and a rejoinder submitted by Tatas.
For the time being, however, Sehgal's book has to be required reading for anyone wanting to know not just about BK and Sarala Birla but the saga of the entire Birla family.
The mining major is selling the company to reduce its debt.
As many as 14 opposition MPs were suspended from Parliament for the remainder of the winter session for disrupting proceedings, as the Lok Sabha security breach incident snowballed into a major row on Thursday with the government asking the opposition not to "politicise" the "grave national issue" and the Congress, Trinamool Congress and others demanding a statement from Home Minister Amit Shah.
The ethics committee of the Lok Sabha has asked Trinamool Congress member Mahua Moitra to appear before it on October 31 in relation to the allegations levelled against her by Bharatiya Janata Party MP Nishikant Dubey, who told the panel on Thursday that it was an "open and shut" case and she should be disqualified.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
It was also the only session in the 17th Lok Sabha when the lower house did not lose any time due to adjournments, according to data compiled by a think tank.
Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts.
'We are in a sweet spot.' 'Equity, on a standalone basis, will continue to remain the asset class to stay invested in.'
Three years after exiting the power business, the Rs 1.4-lakh crore Aditya Birla Group is planning a powerful comeback into the sector and is eyeing a major acquisition in Tamil Nadu, two people with direct knowledge of the deal told Business Standard.
Ahead of the Winter session of Parliament beginning on December 4, the Congress' Lok Sabha leader Adhir Ranjan Chowdhury on Saturday wrote to Speaker Om Birla, saying the expulsion of Trinamool Congress MP Mahua Moitra from Parliament is an 'extremely serious punishment and has very wide ramifications'.
A V Metals -- the A V Birla group's Canada-based special purpose vehicle -- will infuse $3.5 billion to finance Hindalco Industries' proposed acquisition of the Atlanta-based aluminium downstream major Novelis Inc.
Lok Sabha Speaker Om Birla on Thursday advised all the MPs to wear masks and follow the Covid protocol completely, in view of the increasing cases of COVID-19 in many countries across the world.
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
As general elections draw closer, at least five large corporate houses including those of Ambanis, Mittals and Birlas, have set up 'Electoral Trusts' for providing funds to political parties.
Street gave a thumbs down to Aditya Birla Fashion and Retail (ABFRL)-TCNS Clothing deal as analysts flagged near-term profitability risks for ABFRL with its latest acquisition. At the bourses, shares of the Aditya Birla group company tumbled 6.2 per cent in the intra-day trade, before settling 3.27 per cent lower at R 207.2. Those of TCNS, meanwhile, plunged 20 per cent to end at Rs 416.64.
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